List INTR/aUSD pair on Acala Swap and incentive program for INTR/aUSD liquidity providers

Summary

This proposal will start the bootstrapping period for trading pair INTR/aUSD on Acala Swap.

Proposal

  • Enable Bootstrap for INTR/aUSD pool at block #1561482 (est. 2022/08/02 14:00 UTC)
  • 48 hours of bootstrapping period ends at #1575881 (est. 2022/08/04 14:00 UTC)
  • Minimum liquidity target is 625,000 INTR OR 50,000 aUSD
  • Minimum contribution requirement is 50 INTR OR 5 aUSD

No trading is allowed during Bootstrap, and trading can only be enabled once the following criteria are met:

  • The Not Before block #1575881 (est. 2022/08/04 14:00 UTC) has passed AND
  • Either the pool has 625,000 INTR OR 50,000 aUSD in liquidity
  • Both INTR & aUSD have >0 liquidity

If this referendum passes, and Bootstrap kicks off:

  • It will start at block #1561482 til #1575881 (roughly 48 hours)
  • No trading is allowed during this period
  • You can contribute liquidity for INTR, or aUSD, or INTR & aUSD at the same time. The actual exchange rate of INTR/aUSD can only be known once the Bootstrap is completed .
  • At the time of your contribution, you are allocated a number of LP tokens, and indicative LP shares of the pool, which are subject to change as more liquidity is added.
  • You should only participate if you want to become a liquidity provider for the pool. Please be aware of various risks associated with being a liquidity provider.
  • If you just want to trade, then please wait till the trading is enabled.

Incentive Program

Interlay has allocated 440,000 INTR for an incentive program for the liquidity provider of INTR/aUSD pool with a total duration of 90 days.

  • Pool Incentives:
    • INTR: 440,000 INTR Tokens
    • ACA: 10,000 ACA Tokens
    • Duration: from block #1575881 (est. 2022/08/04 14:00 UTC) to #2223881 (est. 2022/11/02 14:00 UTC)
    • Loyalty Bonus Percentage: 50%
    • Claim rewards before loyalty program ends will void loyalty bonus, which is 50% of the rewards. Read more here.

Claim rewards after loyalty program ends (#2223881) will be eligible for the loyalty bonus.